Big 3 life supports???

Posted by PackardV8 On 2009/1/13 14:02:47

Over the last 2wo decades, Corporate America has cried over pension costs.

Here are some OFFICIAL published GM numbers for salaried retiree pension system ending 2007(rounded numbers):

1. 200,000 pension recipients (average $1k/month check).
2. $34 Billion current pension fund value.


I calculate a one time payout of $173K for each recipiant and GM can cut the cord never to see,hear or touch a retiree agian.

So, WHAT is corporate Americas problem? Cash'em out and cut the cord. GREAT Econ Stimulus Plan Too.

-K